By Tiernan Ray

Here are some things going on this morning in your world of tech:

As the Nasdaq Composite Index proceeds past the 4,000 market, hitting 4,036.56, shares of Google (GOOG) are up $8.37, or 0.8%, at $1,066.78, and briefly hitting a new lifetime high of $1,068. Amazon.com (AMZN) shares are also hitting a new high this morning, at $387, before retreating to $385.94, up 1.2%.

Shares of Hewlett-Packard (HPQ) are up $2.15, or almost 9%, at $27.24, after a 7% jump in late trading last night following a billion-dollar beat in fiscal Q4 revenue and an in-line outlook for this year’s profit.

The stock has gotten one upgrade this morning, that I can see, from Evercore’s Rob Cihra, who raised his rating on the shares to Equal Weight from Underweight, with a $25 price target, writing that “revenue and margins continue to erode but balance sheet repaired and PC/printing declines moderate,” referring to the company now having “effectively net-zero operating debt,” versus a $12 billion hole two years ago.

Elsewhere, there was much applause. Citigroup’s Jim Suva calls the stock his “top pick in US IT hardware,” with a Buy rating and a $32 price target. “We view the in-line outlook as a positive following recent cautious macro commentary from Cisco [Systems (CSCO)] and IBM (IBM).”

“Although HPQ shares are up +79% this year, we still see ~30% more upside within the next 12 months and reiterate our Buy rating and highlight the stock as our US Focus List selection.”

One derivative of HP’s quarter may be the 3-D printing names. HP CEO Meg Whitman was interviewed on CNBC this morning and remarked that she views 3-D printing as a very attractive area for HP. Shares of 3D Systems (DDD) are up $1.71, or 2%, at $75.05; Voxeljet (VJET) is up $1.95, or 4%, at $46.84; Stratasys (SSYS) is up 9 cents at $118.24; and The ExOne Company (XONE) is yup $1.48, or almost 3%, at $53.39.

Shares of solid-state drive provider OCZ Technology Group (OCZ) were halted for news before the open and remain frozen awaiting whatever word is forthcoming…

Shares of Apple (AAPL) are higher by $7.98, or 1.5%, at $541.52, perhaps helped by a report this morning from Max Wang and Joseph Tsai of DigitTimes stating that Apple has raised its orders for the recently refreshed iPad mini with the Retina Display to almost 4 million units, citing unnamed sources in the Taiwanese supply chain. The sources tell the authors those orders surpass orders Apple placed for the original iPad mini. The article states the mini had been supply constrained owing to manufacturing issues with the Retina display.

Also helping the stock this morning, The Wall Street Journal’s Lorraine Lukearly this morning published a piece picking up on the shortened wait times for the iPhone 5S, writing that “Hon Hai, also known by its trade name Foxconn, has boosted production capacity for the iPhone 5S at the expense of the cheaper iPhone 5C as requested by Apple,” citing multiple unnamed sources. Piper Jaffray’s Gene Munster had made bullish observations yesterday morning about Apple’s iPhone 5S supply.

Shares of networking gear maker Infoblox (BLOX) are down $10.25, or 23%, at $34.71, resuming deep losses from last night’s after-hours session, after the company beat fiscal Q1 expectations but offered a disappointing outlook for this quarter and the full year, saying that it was taking time to “digest” large revenue gains in prior quarters and that nothing had changed in its business.

This morning, the stock doesn’t appear to have gotten any ratings changes, and some defenders were coming to the rescue. JMP Securities’s Amitabh Passi reiterates a Buy rating on the stock, writing that “while the guidance causes a near-term reset, we believe the long-term thesis remains intact with BLOX still levered to key secular trends around virtualization, BYOD, and security.”

About Tech Trader Daily

Tech Trader Daily is a blog on technology investing written by Barron’s veteran Tiernan Ray. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields. Comments and tips can be sent to: techtraderdaily@barrons.com.